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Section 24: Handing book­entry securities without authority

The Central Depositories Act, 1997 · General Laws · Legal status not independently verified

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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24. Handing book­entry securities without authority.—(1) A participant shall not handle or authorise or permit any handling of book­entry securities entered in the sub­accounts maintained under his account without authority of the sub­account holder. (2) A participant shall not, except with the authority of his clients, handle or authorise or permit any handling of book­entry securities beneficially owned by such clients and entered in his account.

Effective date: 1997-01-01

Related sections

Section 23: Central depository to provide assistance to the Registrar, the Authority, the StateSection 25: Nomination and transmissionSection 22: Regulation of access to the computer systemSection 26: Settlement of securities transactions using the central depository systemSection 21: Permitted disclosuresSection 27: Power of Registrar and Authority to call for information or appoint inspectors

Version central-depositories-act-1997~PK-FED~base · Source-traceable official reference. LawHub does not modify the official record.